Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.94 and traded as low as C$13.93. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.14, with a volume of 499,465 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHP.UN shares. National Bankshares set a C$15.50 target price on shares of Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a report on Friday, December 20th. Raymond James dropped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. Finally, Scotiabank decreased their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Up 1.4 %

The firm has a market cap of C$4.64 billion, a PE ratio of 15.89 and a beta of 0.67. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The business has a 50-day moving average price of C$13.61 and a two-hundred day moving average price of C$13.94.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.